Cuomo Signs Disabled Veteran-Owned Business Act Into Law
Governor Cuomo today signed the Service Disabled Veteran-Owned Business Act into law.
The Act will establish a goal of six percent disabled veteran owned business participation on state contracts in addition to other measures to support disabled veteran owned companies.
The Federal Government's goal for awarding these contracts is only three percent and Cuomo says no other state in the nation offers as robust a program.
Cuomo added that New York is the only state that includes set-aside contracts to these small businesses.
"Today new York is taking our commitment to honor the service and sacrifice of the disabled veterans who serve our state and nation to a higher level," Cuomo said. "This new law sets an ambitious and aggressive goal to make businesses owned by disabled veterans a more active part of state contracting and gives our heroes the recognition they truly deserve."